Cars depreciate at an alarming rate! There are a few things that you can do to minimize the hit you take at trade in time. Be sure to keep all service records and make sure that the oil is changed at regular intrevals, preferably every 3000 miles. Keep the car clean, inside and out. When you go to trade the car, give it a good detail inside and out to give it the appearance of a car well taken care of. If you take care of your car, chances are you will sell it to an individual rather than trade it. Finance your car for a shorter period of time--48 months instead of 60 months, or double up on some payments so that the payoff keeps up with depreciation. The belief is that high end cars like Mercedes and BMW do not depreciate when in actuality they depreciate more because they are more expensive. Use common sense, if your car looks bad, you are not going to get top trade in value. Take care of your car!
Used Car Prices and how they are determined!
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